Bear Electric Appliance Co.,Ltd.’s Net Profit Rose 59.9% in First Half of 2023

Bear Electric Appliance Co.,Ltd. (小熊电器股份有限公司) (002959.SZ) reported a net profit of 236.7 million yuan in the first half of 2023, up 59.9% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 26.7% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.